Di board of directors for Spanish club Barcelona don approve proposal for additional funding wey dem go present to club members for September to approve di loan wey Goldman Sachs give dem. Di club wants to get extra 400 to 500 million euros liquid cash to finish di “Espai Barça” project, which include di renovation of Spotify Camp Nou stadium, because unexpected surplus cost don show.
For organizational move, di club announce say dem don integrate di extraordinary general assembly wey required for this authorization into di agenda of di annual ordinary assembly. Barcelona explain say “dis formula provide better convenience for authorized members and, at di same time, achieve significant savings for organizational and economic resources” as part of di club strategy to reduce administrative expenses.
Di meeting see di absence of club president Joan Laporta due to heart rhythm disorder, so vice-president Rafael Yuste lead di session. Dis one be di first official board meeting since Laporta officially assume im duties last July. Di Catalan club intend to repay dis additional credit through revenues wey dem go generate from di developed facilities once di project finish, so di club go get financial sustainability for di coming years.
According to Spanish newspaper AS, Barcelona delegation depart for England dis morning to begin di second phase of dia preparations for di 2026-2027 season. Hansi Flick side go hold dia first training session dis evening at St George’s Park facilities, according to official programme. No board member travel wit di delegation. Alejandro Echevarria, member of sporting committee, head di institutional representation alongside Bojan Krkic, di close assistant to Deco.
President Joan Laporta and vice-president for sporting affairs Rafa Yuste go join di delegation later, held back by a crucial board meeting on Wednesday. Dat meeting go settle di date of di extraordinary general assembly. Members go then dey ask to approve increase for di loan needed to complete di new Spotify Camp Nou and di rest of di “Espai Barca” project, including di new Palau Blaugrana arena. Estimates put di increase for cost of di works between 300 and 400 million euros. Di final value of di required loan no don yet determine.
Late August or early September be di club preferred window for di assembly, ideally on a match day at di stadium to draw di largest possible number of members. Laporta go also use di meeting to explain di latest developments at Spotify Camp Nou, wey expected to reach im maximum permitted capacity during current season. Dat go happen gradually and for phases.
Beyond di request to approve di loan increase, di assembly agenda include votes on two other economic decisions tied to di club future. Di first concern an agreement to export di “Barca” commercial brand within a residential complex for United Arab Emirates, a project wey fit bring di club around 10 million euros per year. Di second relate to approving di renewal of di sponsorship contract wit Spotify.
